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How much should a high school graduate expect to get

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Reference no: EM132584203

College Person A.

Annual Salary: $59,420

Monthly: $4,951.67

High School Grad Person B.

Annual Salary:$23,000

Monthly Salary:$1,916.67

Retirement Account

1. Assume that your selected job has a retirement plan that allows you to save for 30 years.

Quetsion a: If 6.50% of your monthly income is put into a retirement account, how much should you expect if the annual return is 5.99%?

Quetsion b: · How much should a high school graduate expect to get if they also save 6.5% of their salary for 30 years?

Quetsion c: Use an absolute or relative change statement to compare the retirement accounts of the high school graduate and your retirement. Make sure to show at least 1 sample formula used to get the retirement price.

Reference no: EM132584203

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